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Bank Reconciliation
The process of comparing and matching figures from the accounting records against those shown on a bank statement.
Deposit In Transit
Funds that have been received and recorded by a company but not yet reflected in its bank statement, usually due to timing differences.
Bank Reconciliation
The method of aligning the figures in a company's financial records for a cash account with the related data on a bank statement.
NSF Check
A check that cannot be processed because the account it is drawn on does not have enough funds.
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